More working from home - aggregate and distributional impacts of shifts in residential location

David Miles and James Sefton

No 18092, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We analyse how greater ability for some to work from home might affect relative and absolute house prices and generate impacts on welfare for different households with unequal options about flexible work. We find that a plausible calibration for the scale of greater ability of many people to work from home creates substantial long run impacts on house values, population density and welfare. The resulting pattern of house prices and location rarely generates any losers though the benefits are far from equally distributed. The implications for residential location and density are often not what one might expect.

Keywords: Working; from; home (search for similar items in EconPapers)
JEL-codes: N90 R21 R30 R31 (search for similar items in EconPapers)
Date: 2023-04
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